Important Current Affairs Quiz 3rd October 2016

11 months ago .

Here is a quiz for upcoming Banking, Insurance and Government exams. This quiz contains expected questions which match the exam pattern of Govt Job Exams and other Banking Exams. So make sure you attempt Important Current Affairs Quiz 3rd October 2016 to check your preparation level.

Important Current Affairs Quiz 3rd October

Que. 1

Which country's Prime Minister has declared victory in a referendum on mandatory EU migrant quotas?

1.

Hungary

2.

France

3.

Italy

4.

Greece

5.

Portugal

Solution

Answer: Hungarian PM Viktor Orban has declared victory in a referendum on mandatory EU migrant quotas. The controversial EU plan to relocate 160,000 migrants across the bloc would mean Hungary receiving 1,294 asylum seekers. Nearly 98% of those who took part supported the government's call to reject the EU plan. But only 43% of the electorate voted, short of the 50% required to be valid.

Britain will trigger the formal process for leaving the European Union(EU) by _____ 2017.

1.

April

2.

March

3.

September

4.

January

5.

December

Solution

Answer: Britain will trigger the formal process for leaving the European Union before the end of March next year. Prime Minister Theresa May said this ahead of her speech on the Brexit at her Conservative Party Conference in Birmingham. Britain voted in a June referendum to leave the EU, but has not yet invoked the article of the EU treaty that would trigger negotiations.

Which country has rejected a peace deal to end 52 years of war with FARC guerrillas?

1.

DRC

2.

Peru

3.

Columbia

4.

Tanzania

5.

Brazil

Solution

Answer: Columbia has rejected a peace deal to end 52 years of war with FARC guerrillas. The verdict on the deal between the government of Juan Manuel Santos and the FARC reached after four years of intense negotiations means it cannot now be implemented. Both government and rebels have repeatedly said that the deal was the best they could achieve and a renegotiation would not be possible.

Solution

Answer: Indian NGO, Swayam Shikshan Prayog, has bagged the UN climate award this year. The NGO trains women to become clean energy entrepreneurs across Maharashtra and Bihar. It is one of the 13 projects to be recognised at the forthcoming UN climate summit. The UN climate body, has applauded this project for building a network of 1,100 women entrepreneurs facilitating access to clean energy.

Solution

Answer: Mohammed bin Zayed Al Nahyan is the Crown Prince of Abu Dhabi. On October 2 it was announced that he will be the Chief Guest at the Republic Day parade next year. The visit is expected to boost bilateral ties in the key areas of trade and security. UAE is India's third largest trading partner after China and the US. There are also more than 2.6 million Indians live in the UAE and their annual remittance is estimated to be around $14 billion.

Which political party's leaders have launched a new all-India political party, Swaraj India?

1.

AAP

2.

BJP

3.

INC

4.

MIM

5.

SP

Solution

Answer: Expelled AAP leaders Yogendra Yadav and Prashant Bhushan announced the formation of a new all-India political party, Swaraj India. After their expulsion from AAP in 2015, the duo and their supporters had floated the non-political Swaraj Abhiyan, an outfit campaigning on “social issues”. Yadav was unanimously elected the party’s first National President and Jha its first national general secretary.

Which film won the award for best film at the Swachh Bharat Short Film Festival?

1.

Idhu Namma Aalu

2.

Murga

3.

Ism

4.

Guddedha Bootha

5.

Wrong Side Raju

Solution

Answer: Debutant director Katyayan Shivpuri's film Murga was adjudged the best film at the Swachh Bharat Short Film Festival. M Venkaiah Naidu awarded Katyayan with a certificate and a cash prize. The film promote the idea of clean India and depict the victims that citizens have made of themselves by not keeping the surroundings clean. The festival is a cinematic presentation of not more than three minutes.

Which state's IT Minister has won the Global Champion of Digital Literacy Award by Certiport?

1.

Maharashtra

2.

Punjab

3.

Telangana

4.

Gujarat

5.

None of the above

Solution

Answer: Telangana IT Minister K Tarakarama Rao was recognised with the Global Champion of Digital Literacy Award by Certiport. Certiport recognises government leaders around the world who work tirelessly to help more students become digitally literate and competitive in an ever-competitive job market. KTR has been progressive and created a great amount of buzz around investment in Telangana.

Which country on October 2 ratified the Paris Agreement on climate change?

1.

USA

2.

Germany

3.

Japan

4.

India

5.

China

Solution

Answer: India has ratified the Paris Agreement on climate change, giving a significant push for the deal to enter into force by the end of this year. Permanent Representative to the UN Syed Akbaruddin handed over the Instrument of Ratification signed by President Pranab Mukherjee, to Santiago Villalpando. By ratifying the landmark Paris climate deal, India has given a major boost to the deal.

Which state government on October 2 reimposed liquor ban in the state?

1.

Gujarat

2.

Maharashtra

3.

Rajasthan

4.

Uttar Pradesh

5.

Bihar

Solution

Answer: The Bihar government has implemented the new stringent Bihar Excise and Prohibition Act by re-imposing ban on sale of alcohol in the state. This decision was taken in a special cabinet meeting which was chaired by CM Nitish Kumar. It may be noted that the Patna High court had struck down the state’s Prohibition of Liquor Act which banned the consumption of Indian Made Foreign Liquor.

Solution

Answer: Deepa Gawale won the Silver medal at the 2016 Asian Beach Games in Vovinam. Deepa lost to Manik Trisna of Indonesia by scoreline a 267-275 points to settle for a silver. Host Vietnam and Japan secured the third place with 261 points. Vovinam, a Vietnamese art, is a combination of events with and without weapons.

Solution

Answer: Daniel Ricciardo won the 2016 Malaysian Grand Prix. The Malaysian Grand Prix is a round of Formula One World Championship. It has been held at the Sepang International Circuit since 1999, although FIA-sanctioned racing in Malaysia has existed since the 1960s. Since 2011, the race has been officially known as the Malaysian Grand Prix.

Solution

Answer: Gaganjeet Bhullar won the 2016 Korea Open. It was his sixth Asian Tour title. He scored seven birdies on holes two, six, seven, 10,12,13and 14 to secure his victory. He won last Asian title came in 2013 and was awarded a cash prize of $196,000 for the win. He is also likely to make major gains in the world rankings where he is currently placed 674th.

Name the financial regulatory agency which has proposed norms to facilitate investment in overseas technology funds.

1.

SEBI

2.

RBI

3.

FMC

4.

HKMA

5.

SESC

Solution

Answer: The Reserve Bank of India (RBI) on Friday came out with a draft framework to facilitate investment in overseas technology funds which deploy money in start-ups abroad. The RBI said such investments do not meet the eligibility norms for making overseas direct investments under the automatic route. It laid down a slew of conditions to be met for the Indian party wishing to invest in the fund.

Which state has launched a New Economic Development Policy (NEDP) to boost the state's agriculture-based economy,develop rural infrastructure and to raise livelihood?

1.

Mizoram

2.

Assam

3.

Rajasthan

4.

West Bengal

5.

Odisha

Solution

Answer: The Mizoram government has launched a New Economic Development Policy (NEDP) to boost the state's agriculture-based economy,develop rural infrastructure and to raise livelihood. The new policy would develop private-public partnerships for adding value to various agricultural, horticultural and other produce. Its main aim was to lead Mizoram from a subsistence based economy to a market-based economy.

Who has been appointed as the the Chief Financial Officer(CFO) of Myntra?

1.

Yashwant Sardeshpande

2.

Darshan Tugudeep

3.

Diwan Sawan Mal

4.

Mithun Manhas

5.

Dipanjan Basu

Solution

Answer: Online fashion portal Myntra has appointed Dipanjan Basu as the Chief Financial Officer with effective from October 17. He has 15 years of experience in the finance department. Prior to this , he was the Chief Finance and Operating Officer for Wipro’s Digital and Consulting Business. He also had a two year stint with Quatrro Risk Management Services where he was the CFO of the company.

Who has been appointed as the as Chairman and Chief Executive Officer (CEO) of the Jammu and Kashmir Bank?

1.

Zafar Iqbal

2.

Karan Kaul

3.

Mehr Chand Mahajan

4.

Parvez Ahmad

5.

K. K. Raina

Solution

Answer: RBI has approved the appointment of Parvez Ahmad as Chairman and Chief Executive Officer (CEO) of the Jammu and Kashmir Bank for a period of three years. He will assume office with effect from October 6, 2016. He will replace Mushtaq Ahmad and will be the first in-service and second in-house Chairman and CEO of the bank. He has rich experience of almost two decades in banking and financial services.

Who has been appointed as the Chairman and Managing Director(CMD) of Power Finance Corporation (PFC)?

1.

M K Goel

2.

Amit Tandon

3.

Rajeev Sharma

4.

Narayan Dutt Tiwari

5.

Rai Rajeshwar Bali

Solution

Answer:

Rajeev Sharma has taken over as the Chairman and Managing Director of state-run Power Finance Corporation. He succeeds M K Goel who retired on Sept 30, 2016 on attaining the age of superannuation. Prior to joining PFC, Sharma was the CMD of Rural Electrification Corp.

He is considered the architect of Government’s flagship schemes like Rajiv Gandhi Grameen Vidyutikaran Yojana.

How much have foreign investors in capital market in the month of September?

1.

Rs. 15000 crore

2.

Rs. 20000 crore

3.

Rs. 17400 crore

4.

Rs. 18000 crore

5.

Rs. 30000 crore

Solution

Answer: Foreign investors pumped in more than Rs. 20,000 crore into the capital market in September, making it the highest net inflow in 11 months. This also marks the third consecutive month of positive inflows. Net investment by FPIs stood at Rs. 10,443 cr in equities while for debt was Rs. 9,789 cr. Sebi has recently decided to offer direct entry to foreign investors for investing in corporate bonds.

The Central government has appointed a ___ member Insolvency and Bankruptcy Board of India (IBBI) under the Chairmanship of MS Sahoo.

1.

4

2.

5

3.

7

4.

3

5.

8

Solution

Answer: The Central government has appointed a four member Insolvency and Bankruptcy Board of India (IBBI) under the Chairmanship of MS Sahoo. The oath of office was administered by FM Arun Jaitley. The members of the IBBI are Ajay Tyagi,Amardeep Singh Bhatia,GS Yadav, and Unnikrishnan. The main activity of IBBI would be to regulate the functioning of insolvency professionals, insolvency professional agencies.